Two Creeks Capital Management, L.P. 13F annual report
Two Creeks Capital Management, L.P. is an investment fund managing more than $1.61 trillion ran by Richard Wandner. There are currently 18 companies in Mr. Wandner’s portfolio. The largest investments include Visa Inc and Floor & Decor Inc, together worth $328 billion.
$1.61 trillion Assets Under Management (AUM)
As of 7th August 2024, Two Creeks Capital Management, L.P.’s top holding is 695,774 shares of Visa Inc currently worth over $183 billion and making up 11.4% of the portfolio value.
Relative to the number of outstanding shares of Visa Inc, Two Creeks Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 1,464,814 shares of Floor & Decor Inc worth $146 billion, whose value fell 8.9% in the past six months.
The third-largest holding is Lowes Cos Inc worth $119 billion and the next is CRH Plc worth $119 billion, with 1,583,686 shares owned.
Currently, Two Creeks Capital Management, L.P.'s portfolio is worth at least $1.61 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Two Creeks Capital Management, L.P.
The Two Creeks Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Richard Wandner serves as the Chief Financial Officer at Two Creeks Capital Management, L.P..
Recent trades
In the most recent 13F filing, Two Creeks Capital Management, L.P. revealed that it had opened a new position in
CRH Plc and bought 1,583,686 shares worth $119 billion.
This means they effectively own approximately 0.1% of the company.
CRH Plc makes up
100.0%
of the fund's Materials sector allocation and has grown its share price by 43.4% in the past year.
The investment fund also strengthened its position in Adobe Inc by buying
54,919 additional shares.
This makes their stake in Adobe Inc total 186,755 shares worth $104 billion.
Adobe Inc soared 2.5% in the past year.
On the other hand, there are companies that Two Creeks Capital Management, L.P. is getting rid of from its portfolio.
Two Creeks Capital Management, L.P. closed its position in Verisign on 14th August 2024.
It sold the previously owned 351,414 shares for $71.2 billion.
Richard Wandner also disclosed a decreased stake in Visa Inc by approximately 0.1%.
This leaves the value of the investment at $183 billion and 695,774 shares.
One of the largest hedge funds
The two most similar investment funds to Two Creeks Capital Management, L.P. are Baltimore-washington Advisors and Centerbook Partners L.P.. They manage $1.61 trillion and $1.61 trillion respectively.
Richard Wandner investment strategy
Two Creeks Capital Management, L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 24.7% of
the total portfolio value.
The fund focuses on investments in the United States as
61.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
72% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $172 billion.
The complete list of Two Creeks Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Visa Inc |
9.92%
695,774
|
$182,619,802,000 | 11.35% |
| Floor & Decor Holdings Inc |
32.93%
1,464,814
|
$145,617,160,000 | 9.05% |
| Lowes Cos Inc |
23.42%
539,914
|
$119,029,440,000 | 7.40% |
| CRH Plc |
Opened
1,583,686
|
$118,744,776,000 | 7.38% |
| Airbnb, Inc. |
0.45%
777,710
|
$117,924,167,000 | 7.33% |
| Planet Fitness Inc |
Opened
1,526,774
|
$112,355,299,000 | 6.98% |
| Adobe Inc |
41.66%
186,755
|
$103,749,873,000 | 6.45% |
| Tyler Technologies, Inc. |
81.45%
201,412
|
$101,265,925,000 | 6.29% |
| HDFC Bank Ltd. |
51.26%
1,548,101
|
$99,589,337,000 | 6.19% |
| Aspen Technology Inc |
36.50%
415,132
|
$82,457,669,000 | 5.13% |
| Verisign Inc. |
Closed
351,414
|
$71,171,877,000 | |
| Mastercard Incorporated |
26.68%
154,862
|
$68,318,920,000 | 4.25% |
| Asml Holding N V |
51.76%
65,522
|
$67,011,315,000 | 4.17% |
| Alphabet Inc |
40.07%
339,624
|
$62,293,834,000 | 3.87% |
| Chipotle Mexican Grill |
2,082.96%
978,750
|
$61,318,688,000 | 3.81% |
| Coupang, Inc. |
16.38%
2,743,420
|
$57,474,649,000 | 3.57% |
| Alibaba Group Hldg Ltd |
Closed
622,879
|
$54,028,524,000 | |
| Icon Plc |
29.46%
171,815
|
$53,858,848,000 | 3.35% |
| KLA Corp. |
Opened
57,500
|
$47,409,325,000 | 2.95% |
| Icici Bank Limited |
Opened
272,547
|
$7,852,079,000 | 0.49% |
| No transactions found | |||
| Showing first 500 out of 20 holdings | |||
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